10030. Adrian State Bank (Adrian, MO)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
September 10, 1931
Location
Adrian, Missouri (38.398, -94.352)

Metadata

Model
gpt-5-mini
Short Digest
2294332a

Response Measures

None

Description

The Adrian State Bank suspended business on or just before 1931-09-10 with no run reported. The Adrian Banking Company arranged to pay depositors and take over the business. A state-appointed receiver was named later (article dated 1932-01-28), indicating the bank did not simply resume normal operations and was placed in receivership. Cause of suspension is not described as rumor or run; classified as 'other'.

Events (2)

1. September 10, 1931 Suspension
Cause Details
Article reports suspension without a run; no specific cause given. Adrian Banking Company arranged to pay depositors and take over business.
Newspaper Excerpt
The Adrian State Bank, at Adrian, suspended business this Thursday morning. There was no run on the bank and no excitement in business circles. The Adrian Banking Company arranged to pay all the depositors of the suspended bank and to take over the business of the conIt said every cent will be paid to the depositors of the state bank.
Source
newspapers
2. January 28, 1932 Receivership
Newspaper Excerpt
Appointed Bank Receiver... been appointed receiver in the affairs ... and Adrian State Bank by Greenlee of the state finance ... have charge ... the Hume bank affairs ... are relieved the responsibility.
Source
newspapers

Newspaper Articles (2)

Article from Adrian Journal, September 10, 1931

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Article Text

YEARS AGO Heaton is conducting meeting at the Baptist church. Hal Chitwood and Miss Jessie Duffey were married at Butler last Wednesday. The Adrian Rebekah lodge will celebrate the sixtieth anniversary of the founding of the order Monday, September 18th. A statement of the Adrian BankCompany published in this issue shows resources of and Deposits Following the enrollment in the Adrian school for the year Primary, room 33; room three, room four, room school Total, Ed. Frazier broke the record last week on sucking mules by selling span for $400. One of these mules he bought week ago from Fred Thornhill for $150 and matched with one he raised. The Adrian State Bank, at Adrian, suspended business this Thursday morning. There was no run on the bank and no excitement in business circles. The Adrian Banking Company arranged to pay all the depositors of the suspended bank and to take over the business of the conIt said every cent wlil be paid to the depositors of the state bank. new ordinance passed by the city council at their last meeting calls for: "Every person operating driving motoor vehicle on the streets of Adrian must be provided with suitable bell, horn or other signaling device and shall sound when approaching party in the street; shall have at least two lights in front, visible at least 100 feet. Persons operating motor hicles must when approaching team or horses, stop said motor vehicle and remain stationary for such periof time to allow said team of horses pass are, salary $50; Mt. Zion 12, Mrs. Bettie Crowder teacher; Rocky Point salary $40, Ernest Timmons, teacher; Little Deer Creek 37, salary $50, Miss Minnie Holwell, teacher; Dillon 25, salary $40, Miss Etha Lincoln, teacher; Mingo 42, salary $55, Jessie Mawson teachCrawford 18, salary $50, Miss Dora Rush, teacher; Altona 27, salary Miss Eva Buckles, teacher; Coleville 23, salary $50, Miss Cleo Hartley, teacher; Red, White and Blue, salary $35, Miss Bertha Sullins, teacher; Victory 13, salary $35, Miss Marie Lincoln, teacher; Mound Valley salary $40, Miss Edith Black, teacher.


Article from The Republican Press, January 28, 1932

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Article Text

Appointed Bank Receiver Gus Kienberger of Rich been appointed receiver in the affairs and Merchants People's Bank of Rich Hill and Adrian State Bank by Greenlee of the state finance George Nevada have charge the Hume bank affairs and and Conrad, who been taking of the business are relieved the responsibility.